Not sure posting futures is any good as we have seen the recent futures posted for August and September have been horribly wrong unless we see a remarkable comeback.
"Don't forget that cdu used 2.00per lb for their copper calculations,"
Correct me if I am wrong here but from memory $2 per lb is US and the X rates at the time were about 65c to the US dollar. If I am correct that would equate to about $3.40 AU
copper is $3.85 au now...a 40 cent margin over original estimates
Maybe I have understood this wrong?
CDU Price at posting:
$2.82 Sentiment: None Disclosure: Not Held
